•Sensex dropped over 600 points in 45 minutes on March 6, a day after a 900-point surge.
•The fall was triggered by a Financial Times report quoting Qatar's energy minister, Saad al-Kaabi, warning of prolonged disruption to gas deliveries even if the Middle East war ends.
•Kaabi cautioned that global oil prices could hit $150/barrel if the conflict intensifies, forcing Gulf producers to declare force majeure.
•Sensex closed down 1,097 points (1.37%), Nifty down 315 points (1.27%); Bank Nifty fell over 2%, India VIX surged 11%.
•Major sectors, including state-owned banks, financials, and aviation (Interglobe Aviation), saw significant declines, with Larsen and Toubro also impacted by Middle East exposure.
